City of Kirkwood, MO
St. Louis County
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Cross References: Buildings, construction and housing, Ch. 5; business redevelopment, Ch. 6; zoning, App. A.
[Ord. No. 7376, 8-1-1985]
The City Council finds and determines that it is wise, expedient, necessary and advisable to create the "Industrial Development Authority of the City of Kirkwood, Missouri," as Appendix D to the Kirkwood Code of Ordinances.
[Ord. No. 7376, 8-1-1985]
The Incorporators are hereby authorized to proceed to form the Development Authority by executing, acknowledging and filing the Articles of Incorporation with the Missouri Secretary of State as provided in the Act.[1] The Articles of Incorporation shall not be amended unless authorized by the City Council in the manner provided in the Act.
[1]
Editor's Note: See RSMo. §§ 349.010 through 349.105.
[Ord. No. 7376, 8-1-1985]
Pursuant to the Act,[1] the corporation shall have five directors, who shall be duly qualified electors and taxpayers in the City of Kirkwood, Missouri. The directors shall be resident taxpayers for five years immediately prior to their appointment, and no director shall be an officer or employee of the City of Kirkwood, Missouri. All directors shall be appointed for six-year terms by the Mayor of the City of Kirkwood, Missouri, subject to confirmation by a majority of the City Council, except that the first group of directors shall serve until the expiration of the terms for which they were initially appointed.
[1]
Editor's Note: See RSMo. §§ 349.010 through 349.105.
[Ord. No. 7376, 8-1-1985]
The Development Authority shall file an annual report with the City Council, such annual report to include an audited financial statement.
[Ord. No. 7376, 8-1-1985]
The Development Authority shall be governed by Sections 349.010 to 349.105, inclusive, RSMo. (1978), in addition to those set forth in this ordinance.